With revenues increasing by 20 percent, Bally Technologies Inc. (BYI) reported net income of $29.9 million or $0.67 per share, up from last year’s $23.7 million or $0.43 per share for its third fiscal quarter.
Revenues during the period reached $228.6 million compared to $191 million last year.
An elated CEO, Richard Haddrill noted that “the past several months have been momentous.”
Not only was business expanding, but the company said it had invested $54 million to buy back its own stock and had another $57 million available for further purchases.
CFO Neil Davidson explained, “We continue to thoughtfully allocate capital to invest in our growth as well to enhance shareholder value. This quarter represents the 18th quarter in a row that we have repurchased stock.”
As for full-year guidance, the company said it had raised expectations for this year to $2.45 from the previous $2.37 per share.
Louisiana’s state-regulated casinos all won less money in April than in March. The drop totals $35.8 million. The exceptions were 8.7 percent increases at both L’Auberge Lake Charles and the slots casino at the New Orleans Fair Grounds.
Atlantic City’s Revel formally completed a Chapter 11 restructuring that saw it wipe away $1.2 billion of its $1.5 billion in debt, in return for granting lenders an 82 percent ownership stake.
Cantor Gaming announced today it has released future odds on NFL season wins. The company is offering advanced wagering on weeks 1 through 16 of the NFL season, in addition to wagering on NFL season win totals, Division odds and Super Bowl odds.
Terrible’s Hotel & Casino began its transition to a new identity by uninstalling its iconic Terrible’s Cowboy neon sign on Monday. The property will become the Silver Sevens Hotel & Casino in July.
Vegas Sports Books | The LVH Super Book threw out all kinds of cool NFL stuff on Sunday that will give bettors something to chew on for a while. They posted their games of the year along with their season win totals.
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